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African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

$1 million: Sustainable Energy Fund for Africa grant to drive electric mobility shift in seven African countries

The SEFA grant will support the creation of an enabling environment for Electric vehicles (EVs), the design of EV business models and guidelines for the public and private sector

The Sustainable Energy Fund for Africa (SEFA) (https://bit.ly/2Kfv77Y) of the African Development Bank Group (www.AfDB.org) will provide a $1 million technical assistance grant to the Green Mobility Facility for Africa (GMFA). GMFA provides technical assistance and investment capital to accelerate and expand private sector investments in sustainable transport solutions in seven…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Tunisia: African Development Bank Group Board approves $27 million and €10 million loans for Kairouan solar plant

The project entails the design, construction, and operation of a greenfield solar photovoltaic (PV) plant with a capacity of 100 megawatts under a Build, Own and Operate (BOO) scheme

The Board of Directors of the African Development Bank Group (http://www.AfDB.org) has approved a $27 million and €10 million loan package to co-finance the construction of a 100-megawatt Solar power plant in Kairouan, Tunisia. The Board approval covers $10 million and another €10 million from the Bank, and $17 million…

African Development Bank Group (AfDB)

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    • The African Development Bank's Sustainable Energy Fund for Africa (SEFA) is supporting the Tulu Moye geothermal project in Ethiopia for ten million US dollars
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Source: African Development Bank Group (AfDB) |

Ethiopia: Sustainable Energy Fund Africa provides $10 million grant to support Tulu Moye Geothermal Resource Development

The SEFA grant complements existing facilities to mitigate the high risk associated with drilling activities and help attract commercial debt capital to finance the project

The Board of Directors of the African Development Bank Group (http://www.AfDB.org/) has approved a $10 million reimbursable grant from the Sustainable Energy Fund for Africa (SEFA) (http://www.AfDB.org/SEFA) to support a geothermal drilling program that will add 50 megawatts of renewable energy to Ethiopia’s power system. The Tulu Moye Geothermal Operations PLC…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Mozambique: African Development Bank approves €125 million loan for hydroelectric power producer to modernize production system

The package comprises up to €100 million from the African Development Bank and up to €25 million from the Africa Growing Together Fund

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a loan package not exceeding €125 million to Hidroeléctrica de Cahora Bassa (HCB) in Mozambique to support its Vital Capex program aimed at modernizing the company’s electricity production system. HCB, the largest Independent Power Producer (IPP) in…

African Development Bank Group (AfDB)

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    • Regional Power Trade in Djibouti, Eritrea and Ethiopia Captured Attention at 6th Africa Energy Market Place (1)
    • Regional Power Trade in Djibouti, Eritrea and Ethiopia Captured Attention at 6th Africa Energy Market Place (2)
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Source: African Development Bank Group (AfDB) |

Regional Power Trade in Djibouti, Eritrea and Ethiopia Captured Attention at 6th Africa Energy Market Place

The virtual event was held from 25-27 October 2022 and brought together approximately 111 participants from governments, the private sector and development partners

The African Development Bank Group’s (www.AfDB.org) sixth edition of the Africa Energy Market Place (AEMP), focused on Djibouti, Eritrea and Ethiopia under the theme: Delivering Desert to Power in the Horn of Africa - Enhancing Regional Power Trade. The virtual event was held from 25-27 October 2022 and brought together…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Mozambique: The African Development Bank's Sustainable Energy Africa Fund for Africa Provides $2.5 Million to Increase Penetration of Renewable Energy

The grant administered by the Bank, will be used to implement the Mozambique Renewable Energy Integration Program (MREP)

The Board of Directors of the African Development Bank (AfDB) (https://www.AfDB.org/) has approved a grant of a grant of $2.5 million to the Mozambican government to develop renewable energy resources. The grant, from the Sustainable Energy Fund for Africa (SEFA) (https://bit.ly/37jYAtS), administered by the Bank, will be used to implement…

African Development Bank Group (AfDB)

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    • With support from the African Development Fund, the Ivorian government is continuing its rural electrification program
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Source: African Development Bank Group (AfDB) |

Côte d'Ivoire: African Development Fund to Release $10.53 Million to Secure Electricity Access for Approximately 500,000 Inhabitants in 739 Localities

The project will have multiple economic impacts on the national economy at the financial and socio-economic levels

The Board of Directors of the African Development Fund, the concessional financing window of the African Development Bank Group (www.AfDB.org) has approved $10.53 million in financial support to Côte d'Ivoire. The funds, to be disbursed to the Ivorian government, will be used to connect 739 rural localities to clean, affordable…

African Development Bank Group (AfDB)

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    • The African Development Bank continues its efforts to extend electricity grid in Guinea
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Source: African Development Bank Group (AfDB) |

Guinea: $66 million from the African Development Bank to extend access to electricity

There will be about 100,000 direct beneficiaries of the project composed of individual households, women's associations, health centers, schools and businesses

On 14 July 2022 in Abidjan, the Board of Directors of the African Development Bank Group (www.AfDB.org) approved a $66.39 million support package for Guinea. The funding is intended to help it increase access to electricity. It consists of a $4.17 million grant and a $9.37 million loan from the…

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    • Sherwood Substation 175 MVA transformer financed under ZimFund phase II power project being shipped to Zimbabwe
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Source: African Development Bank Group (AfDB) |

Zimbabwe: ZimFund $23 Million Power Project Ready to Roll with Delivery of New Transformer

The transformer was delivered on Sunday 10 July to the Sherwood Substation in Kwekwe Midlands Province, about 200km to the west of Harare

An Emergency Power Infrastructure Rehabilitation Project funded by ZimFund (https://bit.ly/3yYLBMq), has reached the last leg of implementation with the delivery of a 175 MVA transformer, signaling relief from constant power outages for thousands of customers in the Midlands, Mashonaland East & West provinces of Zimbabwe. The transformer was delivered on…

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    • The functioning of Comoros’ electricity network has improved significantly in recent years, thanks to an African Development Bank-supported project
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Source: African Development Bank Group (AfDB) |

The African Development Bank is Supporting Improvements to the Power Grid in the Comoros

The project aims to respond to a twofold challenge in the energy sector in the Comoros

The Comoros Energy Sector Support Project has helped improve the country’s power grid. Approved in 2013, the project aims to respond to a twofold challenge in the energy sector in the Comoros. At the time, electricity access was around 50% of the population, and unevenly split between the three islands…